Wall Street’s banner first half in trading was based on handling tariff-induced market chaos. The third quarter showed the biggest banks can also seize on the stock market’s steady march higher. Morgan Stanley led the pack in generating $4.12 billion from trading stocks in the bank’s best third quarter for the business ever. Rivals JPMorgan…
A bipartisan group of U.S. representatives—ranging from progressives to MAGA true believers—unveiled legislation Wednesday to ban stock trading for members of Congress and their relatives. The surprising group has united behind one bill dubbed the Restore Trust in Congress Act, which Democratic Representative Seth Magaziner and far-right Republican Chip Roy officially introduced. At the bill’s…
There’s growing concern that the U.S. may be headed for a recession, but Morgan Stanley’s Mike Wilson has said that the economy was actually in a “rolling recession” for the past three years. It’s over now, and the epic stock market selloff in April, when President Donald Trump shocked investors with his “Liberation Day” tariffs,…
GoPro (GPRO) and Krispy Kreme (DNUT) early Wednesday appeared set to be the latest stars of a meme stock resurgence that has swept markets this summer. GoPro stock gained as much as 90% in premarket trading on Wednesday before paring gains to around 40% through the first half hour of the trading day, and Krispy…